Which of the following statements is true regarding profit-maximizing markup for a Cournot oligopoly with N identical firms?
A. P[NEM/(1 + NEM)] = MC
B. P[N(1 + EM)/NEM] = MC
C. P = [NEM/(1 + NEM)]MC
D. P = [(1 + NEM)/NEM]MC
Answer: C
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